HyTerra ("HYT") is raising A$6.1mm (before costs) through a private placement and a rights issue to fund a multi-well exploration drilling program along the Nemaha Ridge, Kansas. The private placement secured A$0.88mm with the issue of ~48.8mm shares at A$0.018/sh (a 5% discount to the previous closing price of HYT on 25th March 2024). The subsequent fully underwritten rights issue aims to raise A$5.24mm by offering four new shares for every nine held at A$0.018/sh, targeting shareholders in Aus ....
